Derivative Instruments (Tables)

6 Months Ended

Feb. 28, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Instruments

Fair Values of Derivative Instruments

(in millions)

	Asset Derivatives					Liability Derivatives
		February 28, 2022		August 31, 2021			February 28, 2022		August 31, 2021
	Balance sheet location	Fair Value		Fair Value		Balance sheet location	Fair Value		Fair Value
Derivatives designated    as hedging    instruments
Foreign forward    exchange contracts	Accounts receivable,   net	$	0.4	$	0.1	Accounts payable and   accrued liabilities	$	4.5	$	0.3
Interest rate swap   contracts	Accounts receivable,   net		0.3		—	Accounts payable and   accrued liabilities		5.5		10.0
		$	0.7	$	0.1		$	10.0	$	10.3
Derivatives not    designated as    hedging instruments
Foreign forward   exchange contracts	Accounts receivable,   net	$	—	$	—	Accounts payable and   accrued liabilities	$	0.1	$	0.1

Effect of Derivative Instruments on the Statements of Operations

The Effect of Derivative Instruments on the Statements of Operations

(in millions)

Three Months Ended February 28, 2022 and 2021

Derivatives in cash flow hedging relationships	Location of gain (loss) recognized in income on derivatives	Gain (loss) recognized in income on derivatives three months ended February 28,
		2022			2021
Foreign forward exchange contract	Interest and foreign exchange	$	(0.1	)	$	—

Derivatives in cash flow hedging relationships	Gain (loss) recognized in OCI on derivatives three months ended February 28,						Location of gain (loss) reclassified from accumulated OCI into income	Gain (loss) reclassified from accumulated OCI into income three months ended February 28,						Location of gain (loss) on derivative (amount excluded from effectiveness testing)	Gain (loss) recognized on derivative (amount excluded from effectiveness testing) three months ended February 28,
	2022			2021				2022			2021				2022		2021
Foreign    forward    exchange    contracts	$	(0.4	)	$	(0.6	)	Revenue	$	(0.2	)	$	(0.4	)	Revenue	$	0.3	$	0.1
Foreign    forward    exchange    contracts		1.4			(0.2	)	Cost of    revenue		—			—		Cost of    revenue		0.3		0.1
Interest rate    swap    contracts		0.6			0.8		Interest and    foreign    exchange		(1.3	)		(1.3	)	Interest and    foreign    exchange		—		—
	$	1.6		$	—			$	(1.5	)	$	(1.7	)		$	0.6	$	0.2

Six Months Ended February 28, 2022 and 2021

Derivatives in cash flow hedging relationships	Location of gain (loss) recognized in income on derivatives	Gain (loss) recognized in income on derivatives six months ended February 28,
		2022			2021
Foreign forward exchange contract	Interest and foreign exchange	$	(0.4	)	$	(0.1	)

Derivatives in cash flow hedging relationships	Gain (loss) recognized in OCI on derivatives six months ended February 28,						Location of gain (loss) reclassified from accumulated OCI into income	Gain (loss) reclassified from accumulated OCI into income six months ended February 28,						Location of gain (loss) on derivative (amount excluded from effectiveness testing)	Gain (loss) recognized on derivative (amount excluded from effectiveness testing) six months ended February 28,
	2022			2021				2022			2021				2022		2021
Foreign    forward    exchange    contracts	$	(5.0	)	$	(1.6	)	Revenue	$	(0.4	)	$	(0.6	)	Revenue	$	0.5	$	0.3
Foreign    forward    exchange    contracts		0.1			(0.3	)	Cost of    revenue		—			(0.1	)	Cost of    revenue		0.4		0.1
Interest rate    swap    contracts		2.3			1.2		Interest and    foreign    exchange		(2.6	)		(2.6	)	Interest and    foreign    exchange		—		—
	$	(2.6	)	$	(0.7	)		$	(3.0	)	$	(3.3	)		$	0.9	$	0.4

Effects of Cash Flow Hedges Included in Statements of Operations

The following table presents the amounts in the Consolidated Statements of Operations in which the effects of the cash flow hedges are recorded and the effects of the cash flow hedge activity on these line items for the three months ended February 28, 2022 and 2021:

	For The Three Months Ended February 28,
	2022					2021
	Total		Amount of gain (loss) on cash flow hedge activity			Total		Amount of gain (loss) on cash flow hedge activity
Revenue	$	682.8	$	(0.2	)	$	295.6	$	(0.4	)
Cost of revenue	$	628.0	$	—		$	278.0	$	—
Interest and foreign exchange	$	11.8	$	(1.3	)	$	9.6	$	(1.3	)

	For The Six Months Ended February 28,
	2022					2021
	Total		Amount of gain (loss) on cash flow hedge activity			Total		Amount of gain (loss) on cash flow hedge activity
Revenue	$	1,233.5	$	(0.4	)	$	698.6	$	(0.6	)
Cost of revenue	$	1,131.1	$	—		$	640.3	$	(0.1	)
Interest and foreign exchange	$	24.4	$	(2.6	)	$	20.7	$	(2.6	)